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  • platguru platguru Oct 24, 2012 8:29 PM Flag


    You could read detailed info on this secondary (almost only, possibly only) by going to the KIPS home page, going to investor info, and then opening the SEC filings. There will find the complete prospectus. It is not the same underwriter as the IPO, by the way.

    DETAILS (sorry tabs not lined up, but you get the idea)
    Expected Issuer/Business Symbol Headquarters Amount
    (in mil) Friday's price Primary exchange Bookrunner(s)
    10/23/2012 Kips Bay Medical Inc /Medical device company KIPS Minneapolis,
    Minnesota $10.13 $1.46 NASD Aegis Capital Corp

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    • (adding info to my first post...if anyone cares?)
      I knew it was to sell last night, but it certainly was NOT easy to find that out.
      Not cool to be SOOO in the dark, then and even NOW.
      In the short and longer term, however, I think this will be a good thing.
      No dilution...and the offering could still be done again soon...timing was just accidentally terrible w market conditions what they were yesterday.
      I believe the stock was shorted, by underwriters and/or others, ahead of the offering ... by hours/ have capital at a decent price to help support the stock AFTER the deal priced...tricky and I don't know if it is technically legal?...I do believe it is a violation of SEC rules to short a stock under a $2 or $3 price...for the same reason it cannot be margined at those levels. Anyway, upon cancellation of the deal, it forced short covering explaing the last two days of crazy price movement and volume. The above, under the dotted line, is simply my theory and not something I know to be factual.

      • 1 Reply to platguru
      • it is my understanding that the original investment bank Rodman is gone , done, whatever.. but i figured the banker moved over to the dark hole of AEGIS CAPITAL. Anyway this is no way to finance a company. they burn investors . i did not buy this at $ in at $1.30s . if there is a good story here... they dont want to tell me {us].... it must work for the day traders of this pig, it seems the uninformed may have got burned in the last few trading days. The good news is that i was able to vent to the CFO, he is a very nice guy. Good luck , Shark

        Sentiment: Sell

0.010.00(0.00%)Sep 24 3:56 PMEDT